sbi home loan offer, Home Loan can save a lot of money.. Don’t miss this offer! – SBI festive season offer to end by January 31st 2022 check benefits and concessions

India’s largest bank, SBI Bank has more than 47 crore customers across the country. SBI Bank announced festive season loan offer last October. This offer is still valid.

It ends in two months, 2023 on 31st January. Therefore, loans including home loans can be availed under the festive loan scheme from SBI Bank with an interest rate of the bank’s choice.

What are the benefits?

In this festive offer, SBI Bank is offering an interest discount of 0.15% to 0.30% on loans. So home loan, car loan, personal loan etc. are available at very low interest.

Last chance for income tax payers.. Penalty and mandatory payment!
Home loan

Specifically, SBI Bank’s home loan interest rate is rising from 8.40%. Apart from this, SBI Bank also waives the processing fees for home loans. Thus, borrowers can save a lot of money.

Home loan interest differential

Although SBI Bank offers low interest home loans, the interest rate varies according to the CIBIL Score of the person applying for the loan. The higher your CIBIL score, the lower the interest rate for a home loan.

Home loan interest and CIBIL score

If your CIBIL score is between 750 and 799 then your home loan interest rate is 8.40%. A discount of 0.25% is available over the regular interest.

If your CIBIL score is between 700 and 749 then the interest rate for home loan is 8.55%.

If the CIBIL score is below 700 there is no change in interest rate. Home loan rates start at 8.85% for them.